Nearly half of his gains last year took place in October, perhaps
the most volatile month in 2008 for the global markets in
general. Early in the year he made money betting that energy and
metals prices would rise; later he profited by betting that they
would fall.

"In its first full year of business, London-based Clive Capital
soared 44 percent, after fees, trading everything from energy and
metals to grains and vegetable oils," Investor reported.

He shuttered the fund to new investors in 2009,
in order "to maintain its ability to trade in many low volume
commodities markets." He was keen to keep "a lean asset-base in
order to nimbly maneuver such markets."

Levett began his
trading career at London brokerage Union CAL. He then humped
to AIG Trading as an energy trader, where he was subsequently
tapped to manage the firm's oil trading unit. "He was also
responsible for the global customer book in forward crude oil
derivatives."

Despite injuries to the portfolio, Levett's firm believe that the
"physical markets are quite strong... [So] we remain positioned
in a number of markets.